A new SPAC in Borsa Italiana: Glenalta debuts on AIM Italia

Nov 10 2015 - 

-       25th debut of the year and 8th SPAC on Borsa Italiana

-       €80 million raised at IPO

Today Glenalta Food debuts on AIM Italia, the market dedicated to SMEs.
The company is a Special Purpose Acquisition Company (“SPAC”), a corporate vehicle created to raise capital through an IPO in order to carry out an operation of merger or acquisition with a target company operating in the Food sector.
Through Banca Alletti & C. S.p.A., Nomad of the operation, and CFO Sim, joint bookrunner, Glenalta Food raised €80 million at IPO, which correspond to the market capitalization of the company. The free float is 100%.

Massimiliano Lagreca, Head of Business Development & Investment Vehicles of Borsa Italiana, commented:
“Glenalta is the first listed SPAC focused on the Food sector in Italia. Borsa Italiana, which has welcomed 8 SPACs on its markets since 2011, has become a key market for this kind of financial operations, which perfectly fit the Italian industrial sector, characterized by many fast-growing SMEs.”

For further information, please contact:
Media Relations
Oriana Pagano
Sofia Crosta
+39 0272426 360

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